Century Aluminum (NASDAQ:CENX) Shares Gap Up to $15.16

Shares of Century Aluminum (NASDAQ:CENX) gapped up prior to trading on Monday . The stock had previously closed at $15.16, but opened at $15.83. Century Aluminum shares last traded at $15.89, with a volume of 63,629 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CENX shares. B. Riley lowered their price target on Century Aluminum from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. BMO Capital Markets reduced their price objective on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Century Aluminum Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63. The stock has a 50-day moving average price of $15.92 and a two-hundred day moving average price of $15.33. The stock has a market cap of $1.42 billion, a PE ratio of 7.05 and a beta of 2.52.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total value of $972,600.00. Following the completion of the sale, the chief executive officer now owns 62,447 shares of the company’s stock, valued at $1,012,265.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Century Aluminum

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Century Aluminum by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock worth $89,567,000 after buying an additional 39,900 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Century Aluminum by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,573 shares of the industrial products company’s stock worth $39,380,000 after purchasing an additional 42,167 shares in the last quarter. Encompass Capital Advisors LLC increased its position in shares of Century Aluminum by 1,208.7% during the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock worth $23,477,000 after purchasing an additional 1,294,538 shares in the last quarter. American Century Companies Inc. increased its position in shares of Century Aluminum by 30.4% during the second quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock worth $19,870,000 after purchasing an additional 276,304 shares in the last quarter. Finally, Castle Hook Partners LP increased its position in shares of Century Aluminum by 1,147.0% during the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after purchasing an additional 898,554 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.